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Principal. The Agent is specifically authorized and empowered to hold and retain any stock or <br /> other security issued by the Agent in its individual corporate capacity or by any affiliated or <br /> related issuer or any stock in which officers or directors of the Agent may be interested whether <br /> as stockholders or otherwise. The Agent agrees to comply with all local, State and Federal <br /> rules, statutes, direcrives and regularions in the investment, supervision and management of <br /> Principal's assets. <br /> ARTICLE II <br /> The Principal agrees that the terms and provisions of any collective investment trusts <br /> sponsored by the Agent shall be incorporated into and shall be a part of this Agreement. <br /> ARTICLE III <br /> The Agent may refrain from voting or vote stock or execute discretionary proxies <br /> with or without power of subsritution. <br /> ARTICLE IV <br /> The Agent may accumulate or pay the net income and principal to the Principal as it <br /> may direct from time to time. <br /> ARTICLE V <br /> The Agent shall be responsible for the safekeeping of all property held by it under this <br /> Agreement. Agent may deposit such property in any depository or similar institution, and may <br /> register such properry in its nominee name or nominee name of the depository. Agent carries <br /> appropriate insurance that covers misappropriation of assets by an employee of Agent. <br /> ARTICLE VI <br /> The Agent shall render annual or more frequent statements as may be required of <br /> receipts and disbursements for the account of Principal and an inventory of the account as of <br /> the last day of such reporting period. The Agent shall also furnish the Principal with data for <br /> the prepazation of any federal or state law returns or information as may be needed. <br />